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Jun 17, 2014
06/14
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social security faces a 62 billion-dollar deficit this year. some folks say that it's in fine shape. the tax deficit would be another 62 million coming out and the benefits coming in. the primary trust fund would go bankrupt in just over 20 years which when you think about it we are at the point those that are retiring today most will be alive at the time when the social security trust fund goes belly up. and as you all know that means 25% cuts to benefits unless we change the law. as of this is happening now to the folks that are currently moving from working into retirement. social security disability trust fund goes bankrupt in 2017, just around the corner. the medicaid trust fund in just over a decade. so obviously these programs need to be modernized and reformed into the longer we wait the more painful that he will be. if we are going to do that of course we are going to have to take some tough steps and it is going to take reaching across the aisle and it's going to take both parties being involved and just as it was the 1980s the last t
social security faces a 62 billion-dollar deficit this year. some folks say that it's in fine shape. the tax deficit would be another 62 million coming out and the benefits coming in. the primary trust fund would go bankrupt in just over 20 years which when you think about it we are at the point those that are retiring today most will be alive at the time when the social security trust fund goes belly up. and as you all know that means 25% cuts to benefits unless we change the law. as of this...
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Jun 18, 2014
06/14
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he made his mark as a deficit hawk. putting in place new transparency measures for all federal spending. he was listed as a vice presidential high prospect in 2008 and 2012. we wonder if he will in 2016. is national press club privileged to have two superstars and their staffs. caitlin done for senator portman for senatorunn portman and others have been helpful. i want to introduce my wife, a george washington medical center. she has a real job, looking for cures for cancer. i also want to thank the also rebecca, if you will raise your hand. she will be carrying the mic to the audience. that way the media will be -- get the advantages of the questions from the audience. i know that is important to c-span also. i want to thank the national press club's executive director. and the club photographer who does such a special secular -- spectacular job. and ourudio people --v a audio people. let's lead with the senator. >> thanks very much. we have worked together in the past. we consider him an honorary ojai in -- ohioan. he
he made his mark as a deficit hawk. putting in place new transparency measures for all federal spending. he was listed as a vice presidential high prospect in 2008 and 2012. we wonder if he will in 2016. is national press club privileged to have two superstars and their staffs. caitlin done for senator portman for senatorunn portman and others have been helpful. i want to introduce my wife, a george washington medical center. she has a real job, looking for cures for cancer. i also want to...
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Aug 2, 2014
08/14
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it's going to reduce the deficit. it might have forestalled some of the problems we are seeing now in the rio grande valley with these unaccompanied children. so we have a bipartisan bill wendell, a bipartisan agreement supported by everyone from labor labour to the evangelical community to law enforcement so the argument isn't between me and the house republicans. it's between the house republicans and senate republicans. and house republicans and the business community and house republicans and the evangelical community. i'm just one of the people they seem to disagree with on this issue. so that's on the comprehensive bill. now we have a short-term crisis with respect to the rio grande valley. they say we need more resources. we need tougher border security in this area where these unaccompanied children are showing up. we agree so we put forward a supplemental to give us the additional resources and funding to do exactly what they say we should be doing. and they can't pass the bill. they can't even pass their own
it's going to reduce the deficit. it might have forestalled some of the problems we are seeing now in the rio grande valley with these unaccompanied children. so we have a bipartisan bill wendell, a bipartisan agreement supported by everyone from labor labour to the evangelical community to law enforcement so the argument isn't between me and the house republicans. it's between the house republicans and senate republicans. and house republicans and the business community and house republicans...
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Mar 24, 2014
03/14
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believe it will significantly increase deficits in the second 10 years. he because he moves forward through various changes, going from 401(k)s to iras, it moves revenue into the next 10 year window. that revenue that will come in the second 10 years is no longer there with increased deficits. lots of big questions. >> when he gives up the gavel, will this create a template going forward? >> i think the different components of that are certainly things that are going to be in play and discussed. if and when we are able to move forward on a company of tax reform legislation, these are ideas that are out there. i'm sure when we have a discussion on the budget this year in the house budget committee we will have a healthy discussion of some of dave camp's proposals as well. there is one area in the tax reform universe that is at least overlapping in principle. that has to do with corporate tax reform. if you look at the president's proposals, dave camp proposals, while they are different there are some important principles. there is some overlap in the way t
believe it will significantly increase deficits in the second 10 years. he because he moves forward through various changes, going from 401(k)s to iras, it moves revenue into the next 10 year window. that revenue that will come in the second 10 years is no longer there with increased deficits. lots of big questions. >> when he gives up the gavel, will this create a template going forward? >> i think the different components of that are certainly things that are going to be in play...
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Jan 29, 2014
01/14
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our deficits cut by more than half. and for the first time in over a decade, business leaders around the world have declared that china is no longer the world's number one place to invest. america is. that's why i believe this can be a breakthrough year for america. after five years of grit and determined effort, the united states is better positioned for the 21st century than any other nation on earth. the question for everyone in this chamber, running through every decision we make this year is whether we are going to help or hinder this progress. for several years now, this town has been consumed by a rancorous argument over the proper size of the federal government. it's an important debate. one that dates back to our very founding. but when that debate prevents us from carrying out even the most basic functions of our democracy. when our differences shut down government or threaten the full faith and credit of the united states, then we are not doing right by the american people. now, as president, i'm committed to
our deficits cut by more than half. and for the first time in over a decade, business leaders around the world have declared that china is no longer the world's number one place to invest. america is. that's why i believe this can be a breakthrough year for america. after five years of grit and determined effort, the united states is better positioned for the 21st century than any other nation on earth. the question for everyone in this chamber, running through every decision we make this year...
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Jun 20, 2014
06/14
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a lot of danger the deficits could affect higher than that. ceo projects an increase in the debt over the next decade so you go from $17 trillion where we are today, $17.7 trillion to $27 trillion in debt ten years from now relatively rosy scenario. i hope no one is declaring victory and i hope we continue to keep this on the front burner and talk about how we solve this problem. the problem is entitlement spending. i think most folks on both sides of the aisle understand that so we will spend time talking about the math. i don't think it is a matter of ideology or point of view but arithmetic, numbers i simply overwhelming, social security, health and vitamin, net interest comprise half the budget and yet they are responsible for 86% of all new spending over the next decade. entitlement spending is set to double over the next decade. it will consume 100% of tax revenues within a decade. in other words the entire discretionary budget from defense to health research to education to second chance we talked about infrastructure, all that will hav
a lot of danger the deficits could affect higher than that. ceo projects an increase in the debt over the next decade so you go from $17 trillion where we are today, $17.7 trillion to $27 trillion in debt ten years from now relatively rosy scenario. i hope no one is declaring victory and i hope we continue to keep this on the front burner and talk about how we solve this problem. the problem is entitlement spending. i think most folks on both sides of the aisle understand that so we will spend...
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Mar 9, 2014
03/14
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new taxes, big deficits. we're talking about revving up the base. the base has typically been young people. another piece you have in this budget is expanding the number of people, student loan borrowers who can get income based repayment plans meaning you pay less depending on your income level. this is another big effort to say to young people, there's a stake for you this fall in cheaper student loans. >> you could call that buying votes, but that would be a pejorative statement on my part, wouldn't it? has the president so fundamentally changed america in the last five years, has he changed america fundamentally in the last five years to the point where this kind of class warfare, this kind of spreading the money out. take it from here and give it to there, will it work, do you think? >> here's the problem for the president. the white house is very careful when they put out this budget. what they really wanted to focus on and get people to notice is look, the deficit is falling. mostly it's because tax revenues are gushing in and because the pre
new taxes, big deficits. we're talking about revving up the base. the base has typically been young people. another piece you have in this budget is expanding the number of people, student loan borrowers who can get income based repayment plans meaning you pay less depending on your income level. this is another big effort to say to young people, there's a stake for you this fall in cheaper student loans. >> you could call that buying votes, but that would be a pejorative statement on my...
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Dec 21, 2014
12/14
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more jobs, more people insured, a growing economy, shrinking deficits, booming energy. take any metric that you want. america's resurgence is real. we are better off. i've always said that recovering from the crisis of 2008 was our first order of business, and on that business, america's outperformed all of our other competitors. over the past four years we put more people back to work than all other advanced economies combined. we've now come to a point where we have the chance to reverse an even deeper problem, the decades-long erosion of middle class jobs and incomes and to make sure that the middle class is the engine that powers our prosperity for decades to come. to do that we're going to have to make some smart choices. we've got to make the right choice. we're going to have to invest in things that secure faster growth and higher paying jobs for more americans. i'm being absolutely sincere when i say i want to work with this new congress to get things done, to make those investments, make sure the government's working better and smarter. we're going to disagree
more jobs, more people insured, a growing economy, shrinking deficits, booming energy. take any metric that you want. america's resurgence is real. we are better off. i've always said that recovering from the crisis of 2008 was our first order of business, and on that business, america's outperformed all of our other competitors. over the past four years we put more people back to work than all other advanced economies combined. we've now come to a point where we have the chance to reverse an...
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Jan 9, 2014
01/14
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it doesn't raise the deficit one penny. it sounds like a pretty good deal to me to help 1.4 million people. and i wouldn't -- i guess i can't help myself. mr. president, you go explain to somebody that's an unemployment -- long-term unemployed in the state of colorado, state of illinois, state of anyplace and they say, they didn't vote for this because they didn't get to offer unlimited amendments, even though there's a proposal that it wouldn't run up the deficit one penny, all paid for? it's hard for me to comprehend that, mr. president. you could explain that to someone, but that's their job to explain it, not me. my explanation is it is something the american people need and want and should have. i ask consent the senate now proceed to a period of morning business, senators allowed to speak for up to ten minutes each. the presiding officer: without objection. mr. reid: i ask the senate proceed to calendar number 271. the presiding officer: the clerk will report. the clerk: calendar number 271, senate resolution 312, cal
it doesn't raise the deficit one penny. it sounds like a pretty good deal to me to help 1.4 million people. and i wouldn't -- i guess i can't help myself. mr. president, you go explain to somebody that's an unemployment -- long-term unemployed in the state of colorado, state of illinois, state of anyplace and they say, they didn't vote for this because they didn't get to offer unlimited amendments, even though there's a proposal that it wouldn't run up the deficit one penny, all paid for? it's...
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Mar 1, 2014
03/14
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it could increase deficits in the second decade. >> i think it will be the opposite. it will generate more revenue. add $700 billion in new revenues to help us pay down the debt. cuts can getending us to a balanced budget. >> you think by the second decade it will raise revenues because of the dynamics. >> in the first decade. >> you drew a parallel to the 1986 tax reform under president reagan. one of the differences is that under that measure, the earned income tax credit for the poor was vastly expanded. under this proposal it would be cut back. ofoman making a minimum wage $17,000, she will lose $2000 in 4-5 years. should the poor have to pay the burden? >> they do not. everyone making up to $100,000 sees a tax cut. and, average family takes home -- >> that is cut back a little bit. >> it is not. in my view, it was supposed to offset the payroll tax. unfortunately it has gone beyond that. it is refocus back on making sure p road taxes are offset. more families have that opportunity, and it is a create that poverty trap where the harder you work, the more you are p
it could increase deficits in the second decade. >> i think it will be the opposite. it will generate more revenue. add $700 billion in new revenues to help us pay down the debt. cuts can getending us to a balanced budget. >> you think by the second decade it will raise revenues because of the dynamics. >> in the first decade. >> you drew a parallel to the 1986 tax reform under president reagan. one of the differences is that under that measure, the earned income tax...
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Jun 12, 2014
06/14
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deficit is the coming down, thank you president obama. we need to talk about it more. what they're doing today is almost seven times the investments in education, job in aing, social services, year. 10 times the annual investment in our veterans. that is what they're doing on the floor today. what is also problematic about it, the problems it creates are twofold. one is an opportunity cost for all the investments they want to make if we have a budget. when the chairman had his proposal, it was paid for. now, he is ringing a bill to the floor that is not paid for, but realpermanent, a opportunity cost than any investments we will have in growth in our country. also, an opportunity for having reform,nsive tax fairness, supplication reform, close loopholes, lower corporate rates. you all of the things but let's do it comprehensively instead of taking these things off the table, crippling our ability to invest in the future and r&d and all the things we want to do in an important way. but not a deficit increasing way. so they continue to require full offsets for everything
deficit is the coming down, thank you president obama. we need to talk about it more. what they're doing today is almost seven times the investments in education, job in aing, social services, year. 10 times the annual investment in our veterans. that is what they're doing on the floor today. what is also problematic about it, the problems it creates are twofold. one is an opportunity cost for all the investments they want to make if we have a budget. when the chairman had his proposal, it was...
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Jun 17, 2014
06/14
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the buffett tax would close, by the way, less than 1% of the budget deficit. or zero, of course, if it keeps being used to offset new spending. it's, it's a struggle, frankly, as chris will acknowledge probably because we've worked on this together as did patty murray and paul ryan to find these savings. so, look, before i close let me just add one, i guess, point. we need to have ideas out there. it's easy to criticize the ideas when they come up. you know, paul ryan's budgets get criticized regularly, but they do balance in ten years. democrats don't have an alternative that does that. i often talk about means testing and medicare as an example where we could make a step in the right direction. does it solve the problems we talked about today? no. but it does take a step in the right direction. it's in the president's budget. be it does provide that folks who makeover $17,000 a year have to pay more premiums under part b and part d of medicare. it saves about $60 billion in the first ten years according to the analysis that we have, probably 425-450 billion
the buffett tax would close, by the way, less than 1% of the budget deficit. or zero, of course, if it keeps being used to offset new spending. it's, it's a struggle, frankly, as chris will acknowledge probably because we've worked on this together as did patty murray and paul ryan to find these savings. so, look, before i close let me just add one, i guess, point. we need to have ideas out there. it's easy to criticize the ideas when they come up. you know, paul ryan's budgets get criticized...
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the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive games and until they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to be a myth. all right more of tonight's big picture politics panel right after the break. to. see. if. we welcome aaron eight and abby martin to be terrific hosts on the our team network . it's going to give you a different perspective give me one stock tip i'll never i'll give you the information you make the decision don't worry about it i'll bring you the sub work of the mind it's a revolution of ideas and consciousness. with the system extremely all if you would be described as angry i think in a strong. single. live . live. live . live. in effect that means you can jump in anytime you want. welcome back with me for tonight's big picture politics panel are sam sax and ben cohen guys let's g
the deficit because it's not about the deficit it was never about the deficit it's ideological it's about undoing the new deal exactly and do doing any progressive games and until they achieve those ends you'll keep hearing the deficit hawks come up and use that as an excuse for that yeah hopefully hopefully people will realize now that the deficit stuff is just a nonsense to be good enough to be a myth. all right more of tonight's big picture politics panel right after the break. to. see. if....
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Feb 16, 2014
02/14
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there are character deficits there who are alcoholics, who have babies out of wedlock and whatnot, to that last category, giving money to them only injures them with a helping hand. i said that my own niece back in the '90s was an alcoholic, living in public housing. she had a small child. i spent a year and thousands of dollars tryings to wean her off of that. found her an apartment in arlington, virginia, away from philadelphia. found her a job. and i went to pick her up at 2:00 in the morning at one of the most dangerous public housing projects in philadelphia when i went out at 2:00 in the afternoon. she was drunk. and i couldn't compete against a public housing. i couldn't compete against food stamps. it was only after welfare reform two years afterwards where she compelled therefore to go out and work. and now she is on her feet. i say that to say that it's important for us to disaggregate that and recognize that help to that third category, people on the left tend to look at all welfare recipients as if they're category one. people on the right tend to look at all welfare recip
there are character deficits there who are alcoholics, who have babies out of wedlock and whatnot, to that last category, giving money to them only injures them with a helping hand. i said that my own niece back in the '90s was an alcoholic, living in public housing. she had a small child. i spent a year and thousands of dollars tryings to wean her off of that. found her an apartment in arlington, virginia, away from philadelphia. found her a job. and i went to pick her up at 2:00 in the...
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Dec 24, 2014
12/14
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i'm hopeful that we can -- i know the deficit has come down, but it's still way, way too high. if we totally eliminated all of the budget spending that we get to vote on each year, totally eliminated it so we have no discretionary budget and are just down to the mandatory items, we'd still be running a deficit of about a half trillion a year. and that's totally unacceptable. and yet all of the cutting has come out of the discretionary side. we have not faced up to the fact that we need to fix the mandatory spending. that's where the real problem is. so i can think of a lot of things that we need to do, but i'm not in a position -- last year i wasn't in a position. i'm obviously not going to be in a position in a week or two from now. but say i could just be king for a week or so. i'd be very benevolent and nice. i'd be a nice king. if we could get people back to work, if we could free them from a lot of the bureaucracy and the red tape in getting things done, it would be the way to get this thing back in order. you know, during world war ii, we built a pentagon in one year. if
i'm hopeful that we can -- i know the deficit has come down, but it's still way, way too high. if we totally eliminated all of the budget spending that we get to vote on each year, totally eliminated it so we have no discretionary budget and are just down to the mandatory items, we'd still be running a deficit of about a half trillion a year. and that's totally unacceptable. and yet all of the cutting has come out of the discretionary side. we have not faced up to the fact that we need to fix...
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Oct 14, 2014
10/14
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BLOOMBERG
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>> i am very much a deficit hawk. they said they thought i was hawkish with the democrats but that is not necessarily true. i am taking senator angus king's advice. i will wait till you get there until i can get an agreement to have certain row call votes. that is the caucus i will join. our deficit in particular is out of control. that does not mean we will take some seniors the sins and take them to court. it means that we have to enhance revenues and do that via 3% tax increase on incomes of over $1 million year. >> that is a four-way race, you and another independent. you have a democrat. handicap the race for us, who is the favorite and how is it going to go? >> i do not know. i have very little money. i might -- i am like a rabbit on a hill and there are several men with the shotguns coming because i only have about $300,000 in my campaign account and $100,000 is a loan that i got from a sioux falls bank. >> that is an area -- is elmer fudd the millionaire and you're the rabbit? >> i was under attack because i w
>> i am very much a deficit hawk. they said they thought i was hawkish with the democrats but that is not necessarily true. i am taking senator angus king's advice. i will wait till you get there until i can get an agreement to have certain row call votes. that is the caucus i will join. our deficit in particular is out of control. that does not mean we will take some seniors the sins and take them to court. it means that we have to enhance revenues and do that via 3% tax increase on...
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Jan 8, 2014
01/14
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MSNBCW
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a trade deficit means the jobs are getting exported overseas. if we could rebalance our trade we would create a lot more jobs here at home. the minimum wage is not on the table for discussion. mr. limbaugh doesn't like to talk about that. and the infrastructure is falling apart in this country. and the irony of this is if we spoke about some of these concrete things instead of everybody giving their vision of morality, then we would actually be able to take some concrete steps forward that would put people to work on proposals that both sides could agree on, like infrastructure. >> well, one of the new republican views of the economic morality of this is that any extension of unemployment benefits should be, quote, paid for. that is to say taken for some other section of the budget. and that's something that they were not troubled by in the past when they were doing this under president bush. but let's listen to what mitch mcconnell today said about one way of possibly paying for these benefits. >> i would like to propose that we be allowed to o
a trade deficit means the jobs are getting exported overseas. if we could rebalance our trade we would create a lot more jobs here at home. the minimum wage is not on the table for discussion. mr. limbaugh doesn't like to talk about that. and the infrastructure is falling apart in this country. and the irony of this is if we spoke about some of these concrete things instead of everybody giving their vision of morality, then we would actually be able to take some concrete steps forward that...
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Apr 15, 2014
04/14
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MSNBCW
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and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care. deny, deny, deny. >> they know they've got a math problem with obama care. and the numbers are not going to work out so that the program is actuarily sound and they're going to have somebody to come spin the numbers. >> the obama administration is using funny numbers when it's touting the enrollment numbers. >> obama care has been the single greatest lie i've ever witnessed. >> they need a fall guy when the truth comes out that they don't have 7.5 million enrollees. >> well, limbaugh's got a point there. they don't have 7 million enrollee
and overall, the law should reduce deficits. that's right, in case any republicans didn't hear me, the law will lower deficits. the cbo also projects 12 million more people will gain health insurance this year because of the affordable care act. and that will climb to 26 million by 2017. cold, hard numbers. showing this law is working. so how wouare the friends on th right going to react? i bet they'll say the same things they said when they learned 7.5 million people signed up for health care....
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128
Jan 14, 2014
01/14
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critics will say that because of our deficit we cannot afford this. i agree we have to do more to get our deficit under control but every budget that we write is about choices. they are about our riorities. they are about who we fight for. we are competing with countries and markets in every corner of the world and we cannot afford to lose this. when we close our doors to early childhood education, we risk a future engineer, scientist, or doctor that could make the next breakthrough. it is the best thing we can do to propel kids out of poverty. we should invest in our children. the last piece of my proposal is the most obvious. equal pay for equal work. the promise was made 50 years ago which continues to be broken every single day in this country. today, women make up more than half of the american population and nearly half of our workforce. women are out-earning men and are a growing share of the primary household earners, but still to this day, men are out-earning women. on average a woman earns $.77 on every dollar a man earns and even less for w
critics will say that because of our deficit we cannot afford this. i agree we have to do more to get our deficit under control but every budget that we write is about choices. they are about our riorities. they are about who we fight for. we are competing with countries and markets in every corner of the world and we cannot afford to lose this. when we close our doors to early childhood education, we risk a future engineer, scientist, or doctor that could make the next breakthrough. it is the...
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93
Mar 18, 2014
03/14
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the challenge is not the deficit in the short term, it is the deficit rising to capture that. levelticular, a very high of debt is now 70% of gdp. that is way above word was for most of the postwar. it can slow emulation of capital and the growth of wages and incomes. -- slow the accumulation of capital and growth of wages and incomes. the high level of debt and growing deficits, the reason action today would be beneficial is because we want to make changes in programs for retirees or changes in the tax code. it is better to make those with a warning. one wants to set changes in motion early, even if the full effect will be felt for many years. >> we're going to take some questions from the audience. there are people with microphones. if you just want to raise your hands -- we have a question over there. go ahead. >> good morning. my name is tom with marconi pacific am a we are a technological consulting firm. a question about technological driven deflation, and i'm wondering if cbo has done any work in that area, looking at the effects of the internet, driverless cars, machin
the challenge is not the deficit in the short term, it is the deficit rising to capture that. levelticular, a very high of debt is now 70% of gdp. that is way above word was for most of the postwar. it can slow emulation of capital and the growth of wages and incomes. -- slow the accumulation of capital and growth of wages and incomes. the high level of debt and growing deficits, the reason action today would be beneficial is because we want to make changes in programs for retirees or changes...
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Nov 12, 2014
11/14
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CSPAN2
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immediately distracted and on to something else and the internet is causing a kind of societal attention deficit disorder. we all feel impersonally in our need to constantly check the latest e-mail or four this, instead of sticking on things but i think that this may be something we can grow ourselves out of as we learn to better filters the media we are all being surrounded with now. that is an open question. i am hopeful that we can do that but you are right, is the problem today. >> a question. if not, we can continue the argument we are having. in the back on the other side. >> i am from pan-american center. last week my internet was not working, i have time warner and it turned out -- which we haven't mentioned -- we haven't talked about the merger. that is the underlying question. what happened was time warner had actually stopped my service in order to upgrade. and other people if they have time warner, they were offering me a better modem at 50 megabits per second and i had 20. the way they got my attention to offers that was to shut off my service. i don't think that was an isolated exa
immediately distracted and on to something else and the internet is causing a kind of societal attention deficit disorder. we all feel impersonally in our need to constantly check the latest e-mail or four this, instead of sticking on things but i think that this may be something we can grow ourselves out of as we learn to better filters the media we are all being surrounded with now. that is an open question. i am hopeful that we can do that but you are right, is the problem today. >> a...
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Oct 11, 2014
10/14
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>> the approach congress took in 2011 to reduce the deficit was the wrong approach. it is called sequestration. it was a 10% across the court dashboard that -- it was a 10% across the board cut. it heard all kinds of programs. i'm not in favor of sequestration. i hope we can get rid of it. what i'm in favor of is taking an annual gao study that actually has pointed out $90 billion in programs that could be reduced, eliminated, or somehow taken out of the budget. that's the study we ought to have. every year when that report terrible, oh, it is the budget is out of control, but they never do anything with the gao report. require every committee of jurisdiction to get an up or down vote on those items. that's a great way to start, and that's what i would do. >> this next question comes from one of our viewers or listeners tonight via twitter. #cv2questions. the tv advertising is full of claims about one another. then they say they approve of the message. how can voters trust anything either of you say in these ads? >> i think the way for voters to really understand the
>> the approach congress took in 2011 to reduce the deficit was the wrong approach. it is called sequestration. it was a 10% across the court dashboard that -- it was a 10% across the board cut. it heard all kinds of programs. i'm not in favor of sequestration. i hope we can get rid of it. what i'm in favor of is taking an annual gao study that actually has pointed out $90 billion in programs that could be reduced, eliminated, or somehow taken out of the budget. that's the study we ought...
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Apr 2, 2014
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and then he says that he is against deficits and wants to balance the budget. and he proposes over a long period of time that we will scale back the commitment to sustaining the medicare program. well, what i'd say is, i respect somebody like -- remember old ron paul in that campaign? where they say okay i'm for smaller government. let's cut back the size of pentagon. and if somebody wants to cut back medicare, why don't you do it tomorrow and see what the voters have to say about it. >> senator bill white. thank you for your time. now with alex wagner is up next. let me get this straight... [ female voice ] yes? lactaid® is 100% real milk? right. real milk. but it won't cause me discomfort. exactly, because it's milk without the lactose. and it tastes? it's real milk! come on, would i lie about this? [ female announcer ] lactaid. 100% real milk. no discomfort. how much money do you think you'll need when you retire? then we gave each person a ribbon to show how many years that amount might last. i was trying to, like, pull it a little further. [ woman ] got m
and then he says that he is against deficits and wants to balance the budget. and he proposes over a long period of time that we will scale back the commitment to sustaining the medicare program. well, what i'd say is, i respect somebody like -- remember old ron paul in that campaign? where they say okay i'm for smaller government. let's cut back the size of pentagon. and if somebody wants to cut back medicare, why don't you do it tomorrow and see what the voters have to say about it. >>...
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Jan 17, 2014
01/14
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no other nation has trade deficits like this. if republicans are so concerned with cutting the deficit, they should be against the tpp. it is not just nafta. cohen also brought up our most recent trade deal with korea. >> even the corkorea trade agreement, we've lost more jobs since its passage. >> i would like someone who is in favor of this trade deal to step out and hold a press conference, go on some of these big tv shows on the weekend and tell us just what these numbers are for american workers. they can't do it. thankfully there are a number of lawmakers who side with cohen and this show. >> it's about wages. people cannot survive with the wages they have lost over the years. >> but also the rights of the job. collective bargaining. it's a big thing. it's not just one little piece. it's a collection of things that american people have lost. >> we're going to bring you this entire interview later on in this show. the battle lines have been drawn on the tpp. this is all about numbers. this is all about manufacturing. this is
no other nation has trade deficits like this. if republicans are so concerned with cutting the deficit, they should be against the tpp. it is not just nafta. cohen also brought up our most recent trade deal with korea. >> even the corkorea trade agreement, we've lost more jobs since its passage. >> i would like someone who is in favor of this trade deal to step out and hold a press conference, go on some of these big tv shows on the weekend and tell us just what these numbers are...
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Apr 5, 2014
04/14
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as the ryan plan bravely reveals, the gop doesn't have any new ideas on how to boost the deficit or improve the economy. >> if this sounds familiar, it should. it was their economic plan in the 2012 campaign. it was their economic plan in 2010. it's like that movie "ground hog day," except it's not funny. >> he's right. there's no doubt about it. we've seen this movie before. every time ryan rolls out a new budget,ets a it's all about the nation's fiscal health and nothing about the every day lives of average americans. we think the people know better and we want to thank congressman ryan for giving the democrats a boost in 2014. who knew it was going to be paul ryan giving them an tonight to flip the script. >> send him a thank you note. he's mobilizing the democratic base because he's going to say we want to cut all of these programs and these are programs that affect people's lives tanningab tangiblely. and i think he's going to demobilize some of those republicans. i'm looking for a two-fer here. >> governor palin was upset it wasn't evil enough. i call this the boo radly budget because
as the ryan plan bravely reveals, the gop doesn't have any new ideas on how to boost the deficit or improve the economy. >> if this sounds familiar, it should. it was their economic plan in the 2012 campaign. it was their economic plan in 2010. it's like that movie "ground hog day," except it's not funny. >> he's right. there's no doubt about it. we've seen this movie before. every time ryan rolls out a new budget,ets a it's all about the nation's fiscal health and nothing...
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Mar 8, 2014
03/14
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big deficits. politically, we've been talking about riling up the base. a big part of that obama base has been young people. this year of course has been terrible for young people economically. for whatever reason they seem likely to vote for them. another piece you have in this budget is expanding the number of people, student loan borrowers who can get what is called income-based repayment plans. you pay less depending on your income level. this is another big effort to say to young people, there is a stake for you this fall in cheaper student loans. >> you could call that buying votes. that would be a perjorative statement. kim, has the president fundmentialy changed america to the point where this class warfare is spreading the money out, take it from here and give it to there, will it work? >> here is the problem. >> what they want to focus us on they kept saying the deficit is falling. we can talk about why that is. mostly because tax revenues are gushing in and because the president is robbing the military of a lot of money. the fact they had to ta
big deficits. politically, we've been talking about riling up the base. a big part of that obama base has been young people. this year of course has been terrible for young people economically. for whatever reason they seem likely to vote for them. another piece you have in this budget is expanding the number of people, student loan borrowers who can get what is called income-based repayment plans. you pay less depending on your income level. this is another big effort to say to young people,...
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Aug 20, 2014
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there is the deficit. there is the surplus. down we go. it is ugly. >> how is it that we just got so completely into production that it is ok to have a deficit? >> we should bring david in on this. the deficit does not seem to make much of a difference. >> why not? >david, feel free to weigh in. >> i think the dollar has definitely benefited from the fiscal cliff that led up to this improvement of the fiscal position of the last two months. foreign investors are saying, i deficitlieve the u.s. is only 3% of gdp. the dollar is back. it is a more responsible government. >> but are they getting ahead of themselves? the deficit is shrinking and we are not getting into surplus territory and all indications are we are not going to get there. >> i'm not sure we have to. typical economists are saying that as long as the economy is growing faster than the debt, not the deficit, it becomes less and less of a burden. it isomes a higher and -- like adding a better job or your expenses stay the same. would need to talk about paying down the debt. the l
there is the deficit. there is the surplus. down we go. it is ugly. >> how is it that we just got so completely into production that it is ok to have a deficit? >> we should bring david in on this. the deficit does not seem to make much of a difference. >> why not? >david, feel free to weigh in. >> i think the dollar has definitely benefited from the fiscal cliff that led up to this improvement of the fiscal position of the last two months. foreign investors are...
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Mar 4, 2014
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at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael? >> do you have any response to president putin's press conference? is chancellor merkel right that he has lost touch with reality? >> i have not spoken to him since i spoke to him this past weekend. but obviously, me and my national security team have been watching events unfolding in ukraine very closely. i met with them again today. as many of you know, john kerry is in key avenue as we speak, at my direction. as we speak, at my direction, with full support for the ukrainian people. we have been working with our partners and the imf to build support for a package that helps to stabilize ukraine'
at a time when our deficits are falling at the fastest rate in 60 years, we have to decide if we are going to keep squeezing the middle class, or continue to reduce the deficits responsibly, while taking steps to grow and strengthen the middle class. the american people have made clear time and again which approach they prefer. that is the approach my budget offers. that is why i am going to fight for it is here and in the years to come as president. thank you very much, everybody. michael?...
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Jul 25, 2014
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the deficit con the be clearer. this is the president who extended the social safety net of health care. >> if you're going to wait for republicans to give him credit, you're waiting for a long time. if the economy's going well, then the president doesn't get as much heat as he or she will when the economy is not doing well, there's a little question as much as president obama's policies have been working they've had a positive effect. people on the left say, if he had to have done more spending, the economy would be even more robust. there are others who say, he didn't go far enough in cutting the deficit. >> do you think he should be out there -- you don't want to take a victory lap or anything out there. we're out there -- it's in the right direction. i don't hear anyone talking about the deficit at all any more. should he be out there saying, you guys wanted this addressed and we addressed it. >> deficit halls are the core of the tea party, the core of supply side conservatives and it's something that notices. n
the deficit con the be clearer. this is the president who extended the social safety net of health care. >> if you're going to wait for republicans to give him credit, you're waiting for a long time. if the economy's going well, then the president doesn't get as much heat as he or she will when the economy is not doing well, there's a little question as much as president obama's policies have been working they've had a positive effect. people on the left say, if he had to have done more...
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Mar 7, 2014
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america'senge is growing opportunity deficit. we see this opportunity deficit the bottom of our economy, where dysfunctional welfare poor families in poverty. we see it in the middle class where washington drives up the of gas and groceries, homes and health care, of raising kids and getting a good education. and we see it at the top, where political and corporate elite rig the system to benefit themselves at the expense of businesses and working families. taken together, these challenges represent america's real problem of inequality. income gap between the rich and poor. betweenopportunity gap washington d.c. and everybody else. [applause] progressives believe the this inequality is bigger government. but big government dysfunction the single biggest cause of all these problems. solutionsconservative to these problems. to close america's opportunity and rescue our economy governmentiety from dysfunction. but i'm here to tell you those solutions are not coming from establishment. a new generation of conservative ideas must come
america'senge is growing opportunity deficit. we see this opportunity deficit the bottom of our economy, where dysfunctional welfare poor families in poverty. we see it in the middle class where washington drives up the of gas and groceries, homes and health care, of raising kids and getting a good education. and we see it at the top, where political and corporate elite rig the system to benefit themselves at the expense of businesses and working families. taken together, these challenges...
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Jan 20, 2014
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people view debt and deficit as an ethical issue. people look at the amount of unemployed and say the government should be doing more to him money into the economy. passions are very high. on the spending issue. i think that call was an illustration of that. host: i want to share another headline from "the hill" newspaper. this follows the comment subject lou on thursday indicating that -- this follows the comments of jack lew on thursday. it's a mistake to wait until the 11th hour. congress should do this as quickly as possible and with the least drama as possible. in terms of how long congress i have communicate with congress saying we thought the ability to manage through the debt limit being hit on february 7 would it is maybe to the end of february or early march. it's a very unpredictable time of the year. in terms of cash flow. host: those were his comments last week. this is the headline from "the hill.com." of thethis is a slip tongue that harry reid had where he talked about a lack of urgency in dealing with the debt ceilin
people view debt and deficit as an ethical issue. people look at the amount of unemployed and say the government should be doing more to him money into the economy. passions are very high. on the spending issue. i think that call was an illustration of that. host: i want to share another headline from "the hill" newspaper. this follows the comment subject lou on thursday indicating that -- this follows the comments of jack lew on thursday. it's a mistake to wait until the 11th hour....
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Jun 30, 2014
06/14
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and say we have to get the budget under control and stop the deficit spending. you have moderates and a lot of wings to the republican party and so it is a little tough other than the bumper sticker that said obama care bad. it is tough to come up with one unifying theme. >> that's what the parties are. they are coalition of different interest groups. the republican party finds the one guy they all agree with and that's who they go with. and democrats are scrabbling. and it looks like hillary clinton getting a coronation for the nomnition and republicans are trying to figure out what the right balance is foreign policy wise and domestic agenda and what does the policy platform look after the camerament>> and couple of years to figure it out. >> thank you. >> and the supreme court rules in favor of hobby supporting the company's claims that the man date of the affordable care act and violating religious freedom. we'll look at that going forward. and a massive manhunt in a major city. a gunfire leaves nine people wounded. >> oscar pistorias was not mentally ill wh
and say we have to get the budget under control and stop the deficit spending. you have moderates and a lot of wings to the republican party and so it is a little tough other than the bumper sticker that said obama care bad. it is tough to come up with one unifying theme. >> that's what the parties are. they are coalition of different interest groups. the republican party finds the one guy they all agree with and that's who they go with. and democrats are scrabbling. and it looks like...
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May 16, 2014
05/14
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maybe not the smartest move, but what is necessary to save this country from long-term deficits. i would say paul ryan in my opinion. >> i think it is a range of them. i would refer to marco rubio, but then disappointed in him that he was leading the charge and immigration reform and got so beat up by the right he backed off. that is a case of somebody who could be a real standard for the conservative voice of the party and articulate. but look at what the right did to him when he tried to pursue immigration reform. jenna: it'll be interesting to see if there are any new names that come up in the next year or so. grace to have you both, thank you so much. >> thank you be at jon: president obama facing major pushback right now from democratic lawmakers on a key judicial pick. we will tell you why. plus, she's back in the media spotlight again this week after carl rove's controversial question about her health and age in light of a possible run for the white house. how did the media handle it, are they being fair to hillary? we will take a look next. memorial day weekend? looks lik
maybe not the smartest move, but what is necessary to save this country from long-term deficits. i would say paul ryan in my opinion. >> i think it is a range of them. i would refer to marco rubio, but then disappointed in him that he was leading the charge and immigration reform and got so beat up by the right he backed off. that is a case of somebody who could be a real standard for the conservative voice of the party and articulate. but look at what the right did to him when he tried...
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Mar 6, 2014
03/14
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their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016 and it will be 531. gee have to look at these numbers. give the president and this administration some credit. i have been pretty tough on them. give them some cd. they did something else. they did something that bass wa positionti positive. but you are never going to give any credit to anybody except the pat on the back at the christmas party. superintendant th isn't that wonderful? >> does this plan raise the age for social security? >> no, sir. >> does it change the measure of inflation for social security? >> so this administration has managed to reduce the deficit in 2013 below bowles simpson to social security. >> so now w
their plan called for the deficit $819 billion in 2013. what was the deficit for 2013? >> $680 billion. >> well, that is much less than what simpson bowles projected sit not? >> it is. >> so last year, 2013, president obama exceeded the deficit reduction goal of simpson bowles of $139 billion. am i correct? >> yes, sir. >> yes, sir i would have to look at what numbers they have at what years. >> do you know what the number will be? >> it is 2016...
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Mar 5, 2014
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deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase taxes on the wealthy. it is part of the grand bargain that washington has talked about for years. republicans do not want to go there. from thatled back issue. -- chairmanans have ryan has gone farther in the entitlement area, but it is ,ifficult for the president with his democratic base so type ofto any entitlement reform, unless they see higher taxes on the wealthy. we are in a standoff. spending? about what does he want to spend money on to try to grow the economy? package -- hes a has called it the opportunity growth and security fund. it would hit
deficit --cting a last year's deficit was $680 billion. that was the first time in four years it was under a trillion. this year's deficit he rejects -- he projects it will be six or $49 billion and dropped to $564 billion. it does not deal with social security, medicare, medicaid programs that are growing me fastest. -- growing the fastest. the chained cpi reduction which year, on the table last something republicans have supported, he offered it only if republicans would agree to increase...
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Mar 20, 2014
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plan to hold down these deficits in the long run. but to keep fiscal policy loose in the short run because the run be economy is so weak. back right now because the economy is weak, don't raise taxes because the economy is together a forcible plan to do it over 30 or 40 years. what the white house and congress have formulated is the opposite. together spending restraints in the short run that have affect the discretionary spending, not just on the budgets of nasa but also the military, there has been a very big squeeze on military. they have done little to address these longer-term problems related to medicare and social security, which are the drivers of long-run deficit. not happy with government fiscal policy. the fed thinks fiscal policy has made its own job harder in the short run and has not solved the long-run problems. caller: the real estate market is unsustainable. to the home i grew up in chicago , 30 minutes north of chicago, it was a three-bedroom house, full basement, now it is a single-family grudge. that home, i looke
plan to hold down these deficits in the long run. but to keep fiscal policy loose in the short run because the run be economy is so weak. back right now because the economy is weak, don't raise taxes because the economy is together a forcible plan to do it over 30 or 40 years. what the white house and congress have formulated is the opposite. together spending restraints in the short run that have affect the discretionary spending, not just on the budgets of nasa but also the military, there...
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Nov 10, 2014
11/14
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, $1.8 million deficit hole that you have to plug next year in part because of the state revenues did not come in as expected. is it possible that the idea of cutting the the taxes to create jobs and stimulate the economy is not working in wisconsin? >> no, it is the opposite. the reason that the revenues are down is because we cut withholding. that is where the government will take your money, and we cut that in a april and so we anticipated that redk snun april, because we gave that money back to the hardworking people. and so the no growth does not change the budget, does not happen. because we have a budget starting with more than of a surplus happening, and so if you compare that to illinois who raised a taxes and with ee lowe taxes, and thank god they elected bruce raumer, because they will be able to tirurn it over as well. >> and i don't know if you were taking a a vailed shot at john kasich, but it is that you were critical of him taking the money which is going to make it more difficult for him to balance the budget, and giving hill health insurance to a lot of people above
, $1.8 million deficit hole that you have to plug next year in part because of the state revenues did not come in as expected. is it possible that the idea of cutting the the taxes to create jobs and stimulate the economy is not working in wisconsin? >> no, it is the opposite. the reason that the revenues are down is because we cut withholding. that is where the government will take your money, and we cut that in a april and so we anticipated that redk snun april, because we gave that...
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Sep 3, 2014
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we found it would reduce the deficit over three decades by $8 trillion. that's at the federal level. there is also reduction in spending and tax revenues on the state level because of the medicaid reforms. it makes the trust fund permanently solvent and covers more people because it drives down the cost of private coverage in the individual market and employer sponsored market by 17%. if health coverage is less expensive more people want to buy it. this plan covers 12 million more people above and beyond what the a.c.a. does and gets us closer to universal coverage and improves healthcare out comes for the poor by transitioning them away from the medicare program to private coverage where they can have high quality access to the best care we have developed in this country. with that, you can find out more about the plan by going to the manhattan institute's website. and i look forward to your questions. thank you very much. [applause] >> thank you very much for that. it's wonderful to see different perspectives and different ideas and you can get a sense
we found it would reduce the deficit over three decades by $8 trillion. that's at the federal level. there is also reduction in spending and tax revenues on the state level because of the medicaid reforms. it makes the trust fund permanently solvent and covers more people because it drives down the cost of private coverage in the individual market and employer sponsored market by 17%. if health coverage is less expensive more people want to buy it. this plan covers 12 million more people above...
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strategy to beat up medicare so you don't have to it's still going i mean it still has a present value deficit over the next seventy five years of twenty eight trillion dollars so seventy five years or so that's progress i was supposed to be allotted so there's some of that design you know that and the c.b.l. remember the cvo has to make certain assumptions about medicare that are not necessarily good ones for example the doc fix which. you know congress has to repeal all these cuts to position payments every couple years the c b o since that part of current law has to assume. those cuts aren't going to take place there's also cuts to medicare advantage in hospitals that that are assumed in there which i think politically are not going to be viable. a few years into the future so those savings which you know so you said your cap your talking points are intact in the face of this information but what they did what i think is one of the most bizarre things i have it really comes to republicans policy of health care. is the externalities are never ever calculated when you're talking about things
strategy to beat up medicare so you don't have to it's still going i mean it still has a present value deficit over the next seventy five years of twenty eight trillion dollars so seventy five years or so that's progress i was supposed to be allotted so there's some of that design you know that and the c.b.l. remember the cvo has to make certain assumptions about medicare that are not necessarily good ones for example the doc fix which. you know congress has to repeal all these cuts to position...
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Oct 10, 2014
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because we need that money back home for deficit reduction and rebuilding america. that's enough to refinance the state of minnesota and fund our roads and bridges. i help write the farm bill. i hope that the water resources bill. i sponsored a bill to streamline the regulations for manufacturers like sirius, creating all kinds of good jobs. i passed legislation to prohibit the presidents republican and democrats for rating our harbor trust fund. i passed legislation helping protect the great lakes and our mississippi watershed from the various bases species that destroy our native fish and aquatic life. i secured 3000 acres for the fond du lac band of chippewa nation that had been stolen by settlers following the treaty of 1854. my staff and i have worked with government private agencies, try that nonpublic to secure while over $300 million in grants for rose, bridges, airports, harbors, schools. the point is there is a longer list. mining executives as well as mineworkers support my candidacy. energy executives as well as energy and please support my candidacy. yo
because we need that money back home for deficit reduction and rebuilding america. that's enough to refinance the state of minnesota and fund our roads and bridges. i help write the farm bill. i hope that the water resources bill. i sponsored a bill to streamline the regulations for manufacturers like sirius, creating all kinds of good jobs. i passed legislation to prohibit the presidents republican and democrats for rating our harbor trust fund. i passed legislation helping protect the great...
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Aug 15, 2014
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predicting about $600 billion deficit. that is bigger than any a defict that presidents ran from world war ii through the obama's election. >> host: first call. baltimore, maryland, for terry jeffrey on the republican line. go ahead, please. >> caller: yes, sir. my actual comments were for the ferguson issue, not necessarily domestic financial issue with president obama. but just on the last few points on the ferguson issue, three things that can move us forward onn that, one the police unions need to stop coming out day after this happens and police didn't do anything. there need to be federal investigations on every police involved shooting. that is an issue. that will solve a lot of issues. federal investigation, not just a local investigation. a local investigations happened. police department should investigate their own officers butin fbi and federal government should got involved immediately when any police-involved shooting happens. that will change the culture of the police department. >> host: thank you. terry je
predicting about $600 billion deficit. that is bigger than any a defict that presidents ran from world war ii through the obama's election. >> host: first call. baltimore, maryland, for terry jeffrey on the republican line. go ahead, please. >> caller: yes, sir. my actual comments were for the ferguson issue, not necessarily domestic financial issue with president obama. but just on the last few points on the ferguson issue, three things that can move us forward onn that, one the...